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BUSINESS
November 9, 2008 | TIMES WIRE SERVICES
For the first time since opening in 1964, Universal Studios Hollywood will be open on Thanksgiving and Christmas Day. "Universal Studios Hollywood has always been a favorite destination for families to celebrate special occasions and also an ideal place to visit with out-of-town friends and family," Larry Kurzweil, president of the theme park, said in a statement. The holiday openings mean Universal Hollywood will be open 365 days a year. Hours of operation will be 9 a.m. to 6 p.m.
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BUSINESS
June 17, 1997
Tour drivers and engineers at Universal Studios have approved a new four-year contract. The vote was 80 to 17, and the agreement is retroactive to May 10. About 100 Universal Studios tram drivers and two dozen mechanics are represented by Teamster Local 399. Last month, the union local narrowly voted against Universal's contract offer and talked of a possible strike.
BUSINESS
June 29, 2001 | Reuters
Universal Studios Inc. said it sold its stake in movie theater operator Loews Cineplex Entertainment Corp. California-based Universal, owned by French-American media giant Vivendi Universal, sold more than 15 million common shares to investment bank Goldman Sachs Group Inc., according to a filing with the Securities and Exchange Commission. Universal sold the shares to recognize a tax loss on its investment in Loews. Loews shares rose 2 cents to 14 cents in trading on the OTC Bulletin Board.
CALIFORNIA | LOCAL
May 28, 1997
Los Angeles Mayor Richard Riordan met Tuesday for the first time with two dozen representatives of homeowner groups who oppose Universal Studios' proposed $2-billion, 25-year expansion plan but refused to take a position on the project. After a closed-door meeting at the Lakeside Golf Club in Toluca Lake, Riordan said that much of the debate about the project boils down to "a balance between quality jobs and [protecting] the quality of life."
BUSINESS
August 8, 1997 | Times Staff and Wire Reports
Universal Studios Inc. said it plans to introduce new cable and broadcast television channels worldwide as part of the company's efforts to boost its TV business globally. The company named former MTV executive Tony Garland as managing director of Universal Studios Networks, which will oversee channel development. Garland, who will be based in London, was executive vice president of MTVN International. He also has worked at Home Box Office.
BUSINESS
July 23, 2004 | Richard Verrier
Universal Studios has pulled the plug on a proposed theme park in China and laid off 30 employees who had been working on the project, a company spokesman said. The fate of the theme park had been in doubt for months. Universal had plans to build a $1-billion theme park in Shanghai, but the venture, set to open in 2006, was never given approvals by the central government in China. It also faced skepticism from Universal's new cost-conscious corporate parent, General Electric Co.
CALIFORNIA | LOCAL
November 16, 1990
A security guard charged with starting the Election Day fire that swept through the Universal Studios back lot in Universal City, causing $25 million in damage, pleaded not guilty Thursday. After Michael J. Huston's arraignment in Los Angeles Municipal Court, a prosecutor said investigators have collected physical evidence and witnesses that tie the suspect to the arson fire, but the motive remains unclear. The Nov. 6 fire damaged or destroyed about 20% of the sprawling complex's exterior sets.
BUSINESS
May 3, 2002 | Richard Verrier
As part of a reorganization of its specialty film business, Universal Studios said Thursday that it will acquire Good Machine, a highly successful producer of independent films, including Ang Lee's hit "Crouching Tiger, Hidden Dragon." Financial terms of the deal were not disclosed. Good Machine principals David Linde and James Schamus, based in New York, would manage the new specialty film unit, to be called Focus, reporting to Universal Pictures chief Stacey Snider.
CALIFORNIA | LOCAL
January 16, 1997
Using clips from Boris Karloff and Steven Spielberg films, futuristic drawings, music and toy models, Universal Studios on Wednesday presented its 25-year, $2-billion expansion plan before a sometimes skeptical county Regional Planning Commission. The company said the doubling of its studio, office, theme park and hotel space would create 13,000 jobs at Universal and boost tax revenues by $25 million a year.
CALIFORNIA | LOCAL
June 8, 1990
John Edward Buckens, a longtime Saugus resident who parlayed his childhood love of horses into a career as a wrangler with Universal Studios, has died of cancer. He was 72. Buckens worked for Universal for 22 years, raising horses and other animals that were used in many films, including "Paint Your Wagon" and "High Plains Drifter." He also taught actors how to ride horses, said his wife, Edith. Buckens died Sunday in Mission Hills. Born Aug. 22, 1917, in Bridgeport, Conn.
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